Billion Archives - The Cryptocurrency Network

Bitcoin Transaction Worth $1 Billion USD Moved to Single Wallet

September 6, 2019 adminBillion, Bitcoin, Moved, Single, Transaction, USD, Wallet, Worth0 comment

Over $1 billion USD worth of Bitcoin was transferred to one wallet today in a major transaction, making it the fifth richest Bitcoin wallet in existence. The Richest Non-Exchange Address A group of large-scale Bitcoin owners, known as whales, moved 94,504 Bitcoins to an unknown wallet, which now becomes the richest non-exchange address, as well as the fifth richest overall. The amount is equal to 0.5% of all the Bitcoin currently in existence. It is not yet entirely clear where the transaction originated from; however, TokenAnalyst believes that at least one…

Blockchain

Blockchain Technology Revenue Expected to Hit $10 Billion in 2023

August 29, 2019 adminBillion, Blockchain, Expected, Hit, Revenue, Technology0 comment

Last year the cryptocurrency industry experienced a harsh industry-wide drop in asset prices. However, the prices have since recovered, and the blockchain technology is expected to rack billions of dollars in growth. Blockchain Revenue to Hit $10 Billion in 2023 ABI Research conducted a study, and its findings indicated that there are big things ahead for blockchain technology. The firm has predicted that blockchain revenues will grow in the next six years. Categories that will drive blockchain revenue include industrial blockchain applications, financial services, as well as consulting services. ABI…

Blockchain

Altcoins Almost Wiped Out as Cypto Market Cap Drops $30 Billion

August 15, 2019 adminAltcoins, Billion, Cap, Cypto, Drops, Market, Wiped0 comment

Thursday was a bad day for altcoins as almost $30 billion USD was knocked from the total crypto market capitalization. Where Bitcoin Goes, Altcoins Follow Crypto market capitalization was estimated to be around the $280 billion USD during midday trading yesterday; however, as Bitcoin suddenly took a near 10% hit today to drop below $10,000 USD share price, altcoins were largely forced to bear the brunt of the drop in confidence. Ethereum, Ripple, and Litecoin, which make up the rest of the top five cryptocurrencies by market cap outside of…

Blockchain

Ripple to Invest 1 Billion XRP to Fund Online Content

August 15, 2019 adminBillion, Content, Fund, Invest, Online, Ripple, XRP0 comment

Over the past few years, plenty of cryptocurrencies have come to the fore due to the example set by Bitcoin and one of the most interesting cryptocurrencies to have emerged during that time is XRP, which is backed by San Francisco-based Ripple. It is the third biggest cryptocurrency in the world by market cap, and over the course of the past few years, Ripple has been working tirelessly to create an entire ecosystem powered by XRP. On Thursday, the company announced that it is going to invest $4 million in…

Blockchain

Crypto Criminals Take in $4.3 Billion in 2019, CipherTrace Reports

August 12, 2019 adminBillion, CipherTrace, Criminals, Crypto, Reports0 comment

Cryptocurrency criminals have taken in an estimated $4.3 billion USD in 2019, according to CipherTrace. CipherTrace, a cryptosecurity company based in Silicon Valley, has released its Q2 2019 Cryptocurrency Anti-Money Laundering (AML) Report, which is a detailed overview of major cryptocurrency thefts, scams, and fraud around the world. The firm’s Q1 report estimated that cybercriminals illicitly obtained more than $1.2 billion USD in cryptocurrency during the first three months of the year alone. To put the severity of these figure in context, last year’s total figure for crypto theft was…

Blockchain

Tether (USDT) Accidentally Creates $5 Billion in Crypto

July 15, 2019 adminAccidentally, Billion, Creates, Crypto, Tether, USDT0 comment

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the…

Blockchain

TRON’s CEO Debunks Association with Billion Dollar Ponzi Scheme Scam

July 10, 2019 adminAssociation, Billion, CEO, Debunks, Dollar, Ponzi, Scam, Scheme, TRONs0 comment

While responding to an allegation that Tronfoundation and BitTorrent are involved in a billion-dollar Ponzi-scheme scam that defrauded thousands of investors in China, Justin Sun, TRON’s CEO, says both companies are “fine.” According to the CEO, preparations were being made to launch BitTorrentSpeed on July 8, so people should stop publicizing fake news and pictures. .@Tronfoundation and @BitTorrent is fine. Everything is fine. We are preparing for #BitTorrentSpeed launch today. Stop spreading fake news and pictures. — Justin Sun (@justinsuntron) July 8, 2019 Justin Sun Says Tronfoundation and BitTorrent are…

Blockchain

Blockchain Supply Market to Grow to $9 Billion

July 10, 2019 adminBillion, Blockchain, Grow, Market, Supply0 comment

Blockchain supply is poised to become a multi-billion dollar market. A study by market research firm Allied Markey Research indicates the size of the market could reach highs of $9 billion by 2025, representing an 80% growth from 2018 levels. Key Growth Drivers Blockchain is the underlying technology that powers an array of decentralized digital assets, key among them being Bitcoin and other cryptocurrencies. Increased usage of the technology to enhance transparency and improved security in supply chains is one of the catalysts fuelling the blockchain supply market. The retail…

Blockchain

Bitfinex Plans to Sell $1 Billion Worth of LEO Tokens

May 6, 2019 adminBillion, Bitfinex, LEO, Plans, Sell, Tokens, Worth0 comment

Bitfinex has revealed plans of selling its asset LEO, which is estimated to be worth $1 billion. Although this might be seen as a bland move, leading analysts have nonetheless warned that it might hurt Bitcoin. $1 Billion Worth of LEO Tokens In a report last week by NewsBTC, Dovey Wan, the founder of Primitive Ventures, indicated that Bitfinex had plans of raising over $1 billion through the offering of its branded crypto assets through an on-platform initial coin offering. A section of the crypto community took the news as…

Cryptocurrency

Crypto Theft Could Hit $1.2 Billion in 2019, Says Cipher Trace

May 2, 2019 adminBillion, Cipher, Crypto, Hit, Theft, Trace0 comment

Crypto theft has greatly reduced this year compared to last year as regulators continue to enhance their scrutiny and the enforcement of anti-money laundering controls. Crypto Theft Could Hit $1 billion Mark Despite being $500 million less than last year, crypto theft could still go well beyond a billion dollars by the end of this year. A quarterly report released on May 1 by Cipher Trace indicates that investigatory specialists had found that over $356 million worth of crypto had been stolen in Q1 2019. The amount stolen includes the CoineBene…